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← Hope For Justice

2025-03-31-accounts

Company number: 6563365 Charity Number: 1126097 Charity registered in Scotland No: SC045769

Hope for Justice

Report and financial statements For the year ended 31 March 2025

Hope for Justice

Contents

For the year ended 31 March 2025

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 3 Independent auditors' report ........................................................................................................ 14 Consolidated Statement of financial activities (incorporating income and expenditure) ............... 18 Balance sheets .............................................................................................................................. 19 Consolidated statement of cash flows ........................................................................................... 20 Notes to the financial statements ................................................................................................. 21

Hope for Justice

Reference and administrative information

For the year ended 31 March 2025

Company number 6563365 Charity number 1126097 Registered office Hope for Justice 30 Old Bailey London England EC4M 7AU Trustees Trustees who are also directors under company law, who served during the year and up to the date of this report were as follows: R Camp resigned 4 April 2024 A Gibson resigned 6 September 2024 E Ajayi ** *** (Chair) K Westfall resigned 25 October 2024 A Donnell * A Williams ** J Bourne ** B Bracewell *** N Becker ** appointed 24 May 2024, resigned 6 December 2024 S Booth * appointed 24 May 2024 M Brock appointed 6 September 2024 S Sankey appointed 14 March 2025

Within the management team, the Key Management Personnel are as follows: Chief Executive Officer

Chief Financial Officer

Chief Operations Director Chief Development Director International Programme Director (to May 2024)

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Hope for Justice

Reference and administrative information

For the year ended 31 March 2025

Bankers HSBC CAF Bank City Branch 25 Kings Hill Avenue Park Row West Malling Leeds Kent LS11LD ME19 4JQ Auditors Forvis Mazars LLP Statutory Auditor One St Peter's Square Manchester M2 3DE

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

The trustees of Hope for Justice present their report and audited financial statements of the charitable company and its subsidiary companies for the year ended 31 March 2025 which, together, form the Hope For Justice Group.

The list of entities that are consolidated within these are accounts are (more information in Note 11):

Hope for Justice - UK Slave-Free Alliance Ltd - UK Hope for Justice International – UK (Dormant) Hope for Justice Inc. – USA Slave Free Alliance Inc - USA OK200:Stop The Traffic – USA Retrak – UK Hope For Justice Ethiopia Hope For Justice Uganda The Tigers Club Project Limited – Uganda Hope for Justice Australia Limited – Australia Slave Free Alliance Australia Limited – Australia Hope for Justice Hong Kong No More Traffik Limited

To simplify the group, the following entity was sold on 30[th] June 2024 and consolidated within these accounts up to that date:

Hope For Justice AS – Norway

The following entities are consolidated within these are accounts and were closed during the year to simplify the group: Slave Free Alliance AS – Norway

Lilypad Haven - USA No More Slaves Ltd - UK

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

The trustees regularly review the aims, objectives and activities of the charitable Group. This report looks at what the Group has achieved and the outcomes of its work in the reporting year. The trustees report the success of each key activity and the benefits the Group has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the Group's aims, objectives and activities remained focused on its stated purposes.

In setting plans and priorities for areas of work, the Trustees have regard to the guidance from the Charity Commission on the provision of public benefit and the Group meets the definition of a public benefit entity under FRS 102. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

The principal activities are:

Through its activities, Hope for Justice provides public benefit in the following areas:

Although many of Hope for Justice’s activities are complex and span a number of its objectives, Hope for Justice

summarises its activities under these broad headings:

Programmatic outcomes

During the year ending 31st March 2025, our work reached 142,930 people, made up of 58,601 beneficiaries reached directly, and a further 84,329 people who benefitted indirectly from our services, such as family members. Among those reached:

Hope for Justice’s mission is to bring freedom from human trafficking and modern slavery by identifying victims,

supporting survivors and preventing exploitation. To us, bringing freedom means people living free from exploitation, and

free from the fear of being exploited. It means survivors having the power, agency and opportunity to make choices about their own future, living in dignity. It means safer communities in which vulnerability to human trafficking is transformed into resilience. It means improving the response, partnering with other agencies and civil society, while standing with survivors to create a world in which everyone can live free from slavery.

The need is urgent, as these statistics show the shocking scale of human trafficking and modern slavery: £175 billion in illegal profits for criminals each year (it is the third-largest criminal enterprise in the world, after counterfeiting and drug

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

trafficking). There are 49.6 million people in modern slavery, of which 19.9 million people are in forced labour or criminal exploitation; 1.4 million are in domestic servitude in private homes; 6.3 million are in forced sexual exploitation (including 1.7 million children); and 22 million people are trapped in a forced marriage they never agreed to.

There are over 200 organised criminal gangs involved in modern slavery in the UK, and an estimated 100,000 to 122,000 victims in the country, mostly hidden away. 19,125 named potential victims and 5,598 anonymous potential victims were identified in the UK last year, both record highs. 77% of business leaders think there is modern slavery in their supply chains. 1 in 5 girls (and 1 in 13 boys) are sexually exploited before their 18th birthday,

usually via online enticement. Sources for all of these statistics are available at the Hope for Justice website.

Step Change: Our new strategic framework

This year, Hope for Justice launched ‘Step Change’, a strategic framework that will guide the overall direction of our work until 2030. It acts as a scaffold for individual strategies and plans all across the organisation, many of which, like countrylevel programme strategies, are already in place.

At its core it is our Theory of Change, a one-page roadmap diagram setting out the problem we are trying to solve, the principles we work by in doing this, the emerging strengths we have identified, and the two core ‘paths’ our anti-trafficking programmes will take.

Our five principles reflect our core values as an anti-trafficking organisation. These include a human rights-based approach, shaping our mindset, language, and interventions, and a person-centred ethos, ensuring the best interests of survivors always come first, even when that conflicts with other goals.

We’ve also identified three emerging strengths: external partnerships, ethical survivor inclusion, and global and local balance, leveraging our international reach while remaining deeply rooted in local contexts to ensure sustainable impact. Finally, Step Change outlines two programming paths:

  1. Direct support for survivors, such as Lighthouse transition shelter programmes and independent advocacy services.

  2. Amplifying impact beyond our own delivery, through policy advocacy, capacity-building for other organisations, and more.

Together, these elements form a cohesive framework to guide our work, ensuring we remain focused, values-driven, and impactful in our mission to combat trafficking.

Survivor Leadership Council

As part of our focus on ethical survivor inclusion, Hope for Justice this year also launched our new Survivor Leadership Council. We believe that it is vital that people with lived experience of modern slavery have more involvement in our decision-making and strategy, and that the same is true for every anti-trafficking organisation.

Hope for Justice’s Survivor Leadership Council provides expert advice, guidance, and recommendations to Hope for Justice and Slave-Free Alliance.

Our Programmes in more detail:

We run different Programmes in different places, based on factors including local circumstances, funding, and the evidence base for different interventions. We ensure our work aligns with our overall Theory of Change.

Outreach

We engage with victims of trafficking and those at-risk in their own spaces, to offer services, help and advice. We build trusting relationships and can connect those at risk with other programmes run by Hope for Justice or others. Through outreach, we also share anti-trafficking messaging with community groups, businesses, local government and others.

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

Investigations and victim identification

We identify and locate potential victims and survivors through outreach, training, referrals, or (in the U.S. only) through work by our licensed investigators. We seek to help them leave their situation, or get them to safety ourselves (where appropriate, and often alongside law enforcement), or seek a placement at a temporary shelter. We also offer other forms of assistance that help victims and survivors get towards their preferred outcome of recovery and safety.

Transitional care – children (Lighthouses)

Our Lighthouses in Ethiopia and Uganda are short-term shelters providing trauma-informed care and support for children who have been trafficked or at high risk of exploitation. They are kept safe from the dangers of the streets or their previous circumstances while we assess their physical and emotional health. Our Lighthouses offer safety, nutritious food, therapy, catch-up education, life skills, and the chance for positive development through play and friendship.

– Family reintegration children (Lighthouses)

While a child is at one of our Lighthouses, we try to trace their family and explore how best to return them safely home. Reintegration to biological or extended families is best, but only if they can provide safe care with a low risk of reexploitation, as assessed by our social workers. The child must be an active participant in the decision. When reintegration is unsafe or impossible, we consider supported independent living plus vocational training. We do follow-up checks on each child’s welfare after reintegration.

Survivor services for adults

RISE (Restore, Inspire, Strengthen, and Empower), based at our North Carolina Regional Center, improves the wellbeing, safety and self-sufficiency of survivors through trauma-informed care and support, therapy, community engagement and case management. We offer short-term care to meet emergency needs for up to 60 days, while long-term care is community-based over the course of a year.

Independent advocacy for adults

In the UK, our Independent Modern Slavery Advocates (IMSAs) are a single point of trust, advocating for survivors during their recovery, helping them navigate complex support systems and criminal/civil justice processes and ensuring they get what they are entitled to. This can include access to stable housing, financial support, advice with their documentation and legal status and more. We ensure their voice is heard to shape their own future.

Training

We offer accredited training via instructor-led sessions or online courses. We offer basic awareness and ‘spot the signs’ training for the public, and more specialist in-depth training for professionals who may encounter victims and survivors of modern slavery in their work.

Policy and reform

Our work with victims and survivors informs our recommendations nationally and internationally as we seek to improve and strengthen laws, policy, practices, standards, structures and knowledge across the societies where we work.

Community prevention

Our community prevention programmes in Uganda and Ethiopia tackle the root causes of child trafficking and exploitation, such as poverty, lack of education about trafficking and unsafe migration, peer pressure on children to abandon their

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

families to seek new opportunities, and cultural norms viewing children as economic assets. Depending on the location and the specific needs of a community, our prevention programmes feature some or all of the following:

Support functions

Other functions that enable our Programmes to be efficient, safe, legal, sustainably funded, and understood by the public. These include MEAL (monitoring, evaluation, accountability, and learning), fundraising, communications, risk management, IT, HR, finance, and security.

Slave-Free Alliance

Slave-Free Alliance (SFA) was created by Hope for Justice in April 2018, set up as a social enterprise to work with organisations of all sizes and complexity – from multinational companies, to SME businesses, to build their resilience to modern slavery and labour exploitation, in their own operations and also vitally in their supply chains around the world. Their ambition is to act as a ‘critical friend’ to businesses who are trying to do more in this area.

SFA now has 120 members, of which 16 are constituent businesses of the FTSE 100 index. SFA is a social enterprise that is wholly owned by Hope for Justice, with all profits reinvested in our charitable projects. SFA currently operate in the UK, US and Australia, this enhances our understanding of the localised challenges relating to modern day slavery, which in turn can inform our operational focus within Hope for Justice.

Fundraising

The issue of ethical fundraising remains an area of concern for the public. Hope for Justice does not employ the services of a 3rd party fundraiser and we are committed to ensuring that our own internal practices meet the highest standards. We do not look to approach donors through street or door to door fundraising.

Further detail about our fundraising during the year is included in our Financial Review below.

Hope for Justice is registered with the Fundraising Regulator, whose standards we applaud and work hard to uphold, and we have invested significantly this year to ensure that we comply with General Data Protection Regulation (GDPR) legislation

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

which came into force on 23rd May 2018. Hope for Justice is not aware of any failure to comply with the standards and has received no complaints in relation to fundraising activity.

As above Hope for Justice will only contact individuals who have indicated that they are willing to be contacted and this will be in the form of thanking the individual for donating or as an update on our programme activities and current issues surrounding modern slavery. Hope for Justice provides training for all of our fundraising team to know the best approach to donors so they are not put under any unreasonable pressure. During the financial year and to the point of signing these accounts, there have been no complaints received in respect to our fundraising approach.

Financial review

Throughout the year, Hope for Justice has undertaken a careful and strategic review of its operations to identify opportunities for cost reduction and increased efficiency. These decisions were made following rigorous evaluation processes to ensure that the quality and impact of our programmatic work remain uncompromised. Key actions included:

These measures have contributed to a leaner cost base, enabling the rebuilding of reserves and strengthening the organisation’s financial resilience, while safeguarding the integrity and reach of our mission.

Income in the year ended 31 March 2025 has decreased to £7.75m from last year at £8.17m. We continue to implement fundraising activities, measuring and reviewing our investments in these activities to ensure that we achieve acceptable returns. We continue to have diverse income sources, including monthly and one off giving from individuals and organisations, commitment to multi-year giving businesses, trusts and foundations. The proportion of unrestricted income remains high, giving the trustees the ability to invest in activities, as they deem necessary. In the year to 31 March 2025, unrestricted income represented 75%: (2024: 66%:)

We have many loyal supporters who continue to fund our work. Without them, we would not be able to continue to prevent exploitation, rescue victims, restore lives or reform society. All the successes in this report are a testimony to your generosity and vision. Thank you so much for continuing to trust us to use your generous donations wisely.

Expenditure on charitable activities for the year ended 31 March 2025 has decreased in the year from £6.96m to £5.23m. A further breakdown of expenditure is presented in note 6 to the accounts. During the year we implemented a full cost review to streamline operations including our support functions, reducing our ongoing commitment to expenditure down to essential costs, to allow us to stabilise our finances and start to rebuild a cash reserve to help us navigate the peaks and troughs of charity cashflow.

Expenditure on fund raising activities for the year ended 31 March 2025 decreased from £1.17m to £0.92m. This reduction can be attributed to the full year impact of strategic measures undertaken in the prior year by the organisation:

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

  1. Restructuring of the Team : A comprehensive restructuring of the fundraising team was carried out, leading to streamlined operations and better alignment of roles and responsibilities. This optimisation not only improved efficiency but also reduced overhead costs.

  2. Improved Cost of Acquisition Campaigns : The organisation implemented more effective and targeted donor acquisition campaigns. By focusing on strategies that yielded higher returns for lower investments, the cost per donor acquisition was significantly reduced, contributing to the overall savings.

  3. Reduction in Paid Services (e.g., Paid Social Media Advertisements) : There was a deliberate effort to minimise reliance on paid services such as advertisements. By leveraging organic marketing strategies and other costeffective channels, the organisation was able to cut back on these expenses while maintaining outreach effectiveness.

  4. Budget Refinement, Especially for Creative Asset Production : The production of creative assets underwent a major shift towards in-house development. By reducing dependency on external vendors and agencies, the organisation not only saved on production costs but also gained better control over the creative process.

Other non-charitable activity costs for the same period increased from £797k to £1,048k and this is all relating to Slave Free Alliance. Slave-Free Alliance, Hope for Justice’s social enterprise, continues to expand its customer base globally. In the year the SFA companies made a profit before tax of £207k gifting £117k up to Hope for Justice, which includes adjustments for Corporation taxes (2024: £338k). Our focus continues to be on developing new sales to deliver profitability in the medium term and investment in the start-up in Australia. Slave Free Alliance continues as a primary purpose subsidiary and will gift aid any future profits to Hope for Justice.

The result is a surplus for the year of £0.60m (2024 £0.76m deficit) after exchange differences upon consolidation and an increase in retained reserves, to positive £126k (2024: £433k negative). The split of these reserves is: General (£0.79m) (2024: £1.64m negative), designated £0.31 (2024: £0.48m), and restricted £0.60m (2024: £0.76m).

Reserves policy and going concern

Hope for Justice operates a trustee-approved reserves policy, aiming to hold at least £1.8 million in unrestricted reserves— equivalent to three months of overheads—to safeguard against financial and operational risks. As of 31 March 2025, the free reserves deficit improved significantly to £(789k), up from £(1.64m) the previous year, reflecting strong financial discipline and a commitment to rebuilding reserves. While still below the target, general fund reserves have grown despite sector challenges, and the organisation remains focused on further strengthening its financial position. Restricted reserves continue to be managed in line with donor intent and programme timelines.

The trustees regularly review the reserves policy, which applies across the group, and continue to manage finances efficiently with a focus on rebuilding reserves. The budget to 31 March 2026 prioritises essential costs while supporting reserve recovery. Forecasts indicate an in-year reserve of over £700k, with further improvement expected in 2027. The group has no borrowing facility and relies on secured multiyear grants and diverse donations

The trustees are satisfied that the group has rectified its going concern position following the existence of a material uncertainty in the 2024 accounts. During the year, a number of strategic and operational changes were implemented to strengthen financial resilience and address previously identified uncertainties. These measures have included reduction in on going expenditure, improved cost controls, continuing to seek a diverse income portfolio, and refinements to

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For the year ended 31 March 2025

governance and risk management processes. As a result, the trustees are confident that the group has adequate resources to continue in operational existence for the foreseeable future.

Plans for the future

Continued streamlining of group structure.

The Board remains committed to progressing towards a more streamlined group structure, where such changes are operationally appropriate and feasible. During the financial year ended 31 March 2025, this objective was advanced through the formal closure of two dormant entities—No More Slaves and Lily Pad Haven.

Investments

The investment in the social enterprise Slave Free Alliance continues to be a fantastic opportunity for Hope for Justice to move more quickly towards its goal of ending modern day slavery. Slave Free Alliance continues to be surplus generating, enabling it to contribute excess surplus to further the charitable work of Hope for Justice group. The trustees continue to monitor the financial development of Slave Free Alliance and the efficacy of its work in removing human exploitation from companies’ and their supply chains.

Structure, governance and management

Constitution

Hope for Justice is a UK company limited by guarantee (company number 6563365), governed by its Memorandum and Articles of Association which were adopted on its incorporation on 11 April 2008 and amended on 15 June 2020. It is registered as a charity with the UK Charity Commission (charity number 1126097), and with the Scottish Charity Regulator (charity number SC045769).

There group subsidiaries are listed at the start of this report and their relationship to the parent, the basis of consolidation, results and reserves are shown in Note 10 to the accounts

Method of appointment or election of trustees

Trustees are appointed by the members for a three year period, after which they retire or opt to be re-elected. New trustees undertake an induction process in order to brief them of their obligations under charity and company law, the structure, activities and processes of the charity and to meet key employees. Trustees are voluntary and receive no remuneration or financial benefit.

Organisational structure and decision making

The trustees approve the strategic direction and the annual budget of the charity and meet at least three times a year. The Chief Executive Officer has responsibility for running the organisation on behalf of the trustees and leads the Executive Team. The Executive team recommends strategy to the trustees and provides day-to-day management, including accountability and oversight in all legal, contractual and financial responsibilities relating to the charity's business.

The trustees are supported by three sub-committees comprised of main trustee board members, special advisers and executives:

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Hope for Justice

Trustees’ annual report

For the year ended 31 March 2025

During this financial year, all committees met on four occasions and have met after the year-end. The trustee membership of each committee is shown on page 1.

While not legally required, Hope For Justice has voluntarily published a Modern Slavery Statement as part of our commitment to ethical business practices and transparency. An up to date copy of this can be found on the website.

The trustees periodically review the governance and oversight structure to ensure this remains both efficient and effective, as well as reviewing compliance with the Charity Governance Code.

Risk management

The trustees take the identification of operational, financial and reputational risk seriously. The trustees have put in place structures to ensure that the many and varied risks Hope for Justice is exposed to are identified, addressed as appropriate and monitored effectively.

Day-to-day operations are led by the CEO and Executive Team, who oversee a well-established risk identification process. Staff receive regular training to embed risk awareness and reporting across the organisation. Incident reports feed into focused risk registers, which are routinely reviewed. Risk is a standing item at Executive Team meetings, and detailed oversight is provided by the Trustee Risk and Compliance Sub-Committee.

The most significant risks last year were and continue for the year ahead are:

Conflict & Security

Rising global and regional conflicts have led governments to shift funding from foreign aid to national security, reducing long-term support for anti-trafficking programmes. While philanthropic donors have shown some movement toward emergency relief, the impact has been less severe than anticipated. However, increased operational risks in conflict zones have required greater investment in security, straining already tight budgets.

Geoeconomic Shifts

Protectionist and nationalist policies are reshaping global aid, reducing support for human rights initiatives—particularly those linked to migration. These shifts, coupled with economic volatility and supply chain disruptions, have complicated budgeting and procurement.

Political Polarisation

Growing political division and misinformation are affecting funding for anti-trafficking efforts. Risks include politicised funding decisions, reduced victim support budgets, and reputational pressures. Misinformation also undermines public understanding and donor confidence, requiring strategic navigation to protect financial sustainability.

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Hope for Justice

Trustees’ annual report

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Cyber Security

The sector faces increasing cyber threats, with high costs creating disparities in resilience. While we’ve made modest investments in cyber defences, budget constraints limit our ability to fully mitigate these risks.

Philanthropic Trends

Charitable giving is consolidating among fewer, wealthier donors, with younger demographics showing lower engagement. In response, we’re restructuring fundraising teams and aligning strategies with emerging donor behaviours, including faith-based and corporate giving.

Currency Volatility

Exchange rate fluctuations continue to impact cross-border operations. For example, the Ethiopian birr’s 30% drop in July 2024 significantly reduced our purchasing power. We are mitigating this through multi-currency budgeting and favouring hard currencies.

Statement of responsibilities of the trustees

The directors (who are also trustees of the charitable activities for the purpose of charity law) are responsible for preparing the Trustees' annual report and the financial statements in accordance with general applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Insofar as the trustees are aware:

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Trustees’ annual report

For the year ended 31 March 2025

Auditors

The auditor, Forvis Mazars LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on and signed on their behalf by 19-Sep-2025

Ebunoluwa Mofoluwake Ajayi (Sep 19, 2025 12:47:40 GMT+1)

E Ajayi

Chair

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Independent auditors’ report

To the members of Hope for Justice

Opinion

We have audited the financial statements of Hope For Justice (the ‘parent charity’) and its subsidiaries (“the group”) for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Charity Balance Sheet, Consolidated Statement of Cashflows and notes to the financial statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the “Auditor’s responsibilities for the audit of the financial statements” section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work

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Independent auditors’ report

To the members of Hope for Justice

we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In light of the knowledge and understanding of the group and the parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also directors of the charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 44(1)(C) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually

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Independent auditors’ report

To the members of Hope for Justice

or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the charity and its sector, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: Charities Act 2011, UK tax legislation, anti-bribery, corruption and fraud and money laundering.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as the Charities Act 2011 the Charities Statement of Recommended Practice, UK tax legislation, pensions legislation, employment regulation and the Companies Act 2006.

In addition, we evaluated the trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to income recognition (which we pinpointed to the cut-off assertion), the restriction of income & expenditure, and significant one-off or unusual transactions.

Our audit procedures in relation to fraud included but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Independent auditors’ report

To the members of Hope for Justice

Use of the audit report

This report is made solely to the charity’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charity’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity, the charity’s members as a body and the charity’s trustees as a body for our audit work, for this report, or for the opinions we have formed.

Michael Speight

Michael Speight (Sep 19, 2025 16:10:06 GMT+1)

Michael Speight (Senior Statutory Auditor) for and on behalf of Forvis Mazars LLP Chartered Accountants and Statutory Auditor

One St Peter's Square Manchester M2 3DE

Date 19/09/2025

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Hope for Justice

Consolidated statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Notes
Incoming and endowments from:
Donations and legacies
2
Other trading activities
3
Income from investments
4
Total
Expenditure on:
Raising funds
Charitable activities
5
Other trading costs
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds for
the period
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
2025
£
4,682,800
1,192,887
84
5,875,771
884,393
3,227,722
1,048,550
5,160,665
715,106
-
715,106
(1,192,768)
(477,662)		 Restricted
Funds
2025
£
1,875,845
-
-
1,875,845
30,880
2,000,468
-
2,031,348
(155,503)
-
(155,503)
759,119
603,616		 Total
Funds
2025
£
6,558,645
1,192,887
84
7,751,617
915,273
5,228,190
1,048,550
7,192,013
559,603
-
559,603
(433,649)
125,954		 Total
Funds
2024
£
6,800,463
1,370,084
140
8,170,688
1,173,099
6,964,293
796,899
8,934,290
(763,603)
-
(763,603)
329,954
(433,649)

The group has no recognised gains or losses other than the results for the period as set out above.

All the activities of the charity are classed as continuing

The notes on pages 21 to 37 form part of these financial statements

18

Hope for Justice

Company Registration No. 06563365

Balance Sheets

For the year ended 31 March 2025

Notes
Fixed assets
Intangible assets
8
Tangible assets
9
Investments
10
Current assets
Stock
11
Debtors
12
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due
within one year
13
Net current (liabilities)/assets
Creditors: Amounts falling due
after one year
14
Total net assets/(liabilities)
The funds of the group/ charity
Total general funds
16
Total designated
funds
16
Total restricted funds
16
Total charity funds
16		 Group
2025
2024
£
£
68,284
136,752
311,550
447,994
-
-
379,833
584,746
2,552
13,007
276,687
258,278
694,010
297,754
973,249
569,039
(1,147,103)
(1,587,434)
(173,854)
(1,018,395)
(80,025)
-
125,954
(433,649)
(789,211)
(1,640,762)
311,550
447,994
603,616
759,119
125,954
(433,649)		 Charity
2025
2024
£
£
68,284
84,078
62,839
105,283
-
6,173
131,123
195,533
-
-
168,407
47,069
142,293
106,598
310,700
153,668
(679,198)
(1,062,352)
(368,498)
(908,684)
(80,025)
-
(317,400)
(713,151)
(902,144)
(913,942)
62,839
105,284
521,905
95,507
(317,400)
(713,151)		 Charity
2025
2024
£
£
68,284
84,078
62,839
105,283
-
6,173
131,123
195,533
-
-
168,407
47,069
142,293
106,598
310,700
153,668
(679,198)
(1,062,352)
(368,498)
(908,684)
(80,025)
-
(317,400)
(713,151)
(902,144)
(913,942)
62,839
105,284
521,905
95,507
(317,400)
(713,151)
195,533
-
47,069
106,598
153,668
(1,062,352)
(908,684)
-
(713,151)
(913,942)
105,284
95,507
(713,151)

As permitted by s408 Companies Act 2006, the charity has not presented its own profit and loss account and related notes as it prepares group accounts. The charity’s surplus for the year was £395,751 (2024 – deficit of £594,156)

The financial statements were approved by the board on and signed on its behalf by: 19-Sep-2025

Ebunoluwa Mofoluwake Ajayi (Sep 19, 2025 12:47:40 GMT+1) E Ajayi Chair

19

Hope for Justice

Consolidated statement of cash flows

For the year ended 31 March 2025

Cash flows from operating activities:
Net (expenditure)/income for the reporting
period (as
per the statement of financial activities)
Adjustments for:
Depreciation charges
Exchange differences on consolidation
Loss/(profit) on disposal of fixed assets
Dividends, interest and rents from investments
(Increase)/decrease in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of property, plant & equipment
Purchase of property, plant and equipment
Net cash used in investing activities
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end
of the reporting period
Analysis of cash and cash equivalents
Cash in hand
Cash at bank and in hand		 2025
£
559,603
99,264
67,406
57,618
(84)
10,455
(18,409)
(360,306)
415,547
84
-
(19,375)
(19,291)
396,256
297,754
694,010
2025
£
694,010
694,010		 2024
£
(763,603)
63,961
-
-
(140)
(13,007)
464,579
305,605
57,394
140
-
(51,851)
(51,711)
5,703
292,051
297,754
2024
297,754
297,754

20

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

1.1 Accounting policies

The accounts of the company are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - (FRS 102) (1 January 2019) - (Charities SORP (FRS 102)). They incorporate the results of the principal activity which is described in the trustee's report.

The company was incorporated on 11 April 2008 in England & Wales as a Private Limited Company by guarantee without share capital with use of 'Limited' exemption. The principal place of business is 30 Old Bailey, London, EC4M 7AU and it operates as a Public Benefit Entity.

1.2 Going Concern

During the financial year ending 31 March 2025, Hope for Justice reported a surplus of £600k, a significant turnaround from the prior year’s £764k deficit. This improvement followed a group-wide cost reduction initiative to realign operations with lower income levels, particularly after the withdrawal of a regular supporting organisation.

Budgeting and forecasting to March 2028 have been developed on a group basis, informed by current income trends and stabilised expenditure, creating capacity to exceed targets and rebuild reserves that had been eroded over previous years. While the charity remains reliant on donations and faces ongoing challenges—including reduced individual giving, increased competition for funding, and delays or withdrawals of committed income—its financial position has strengthened. The Group has no borrowing facility and manages working capital through careful cash flow oversight and a mix of secured grants and donations.

Post year-end, continuation of cost control measures and seeking to increase the breadth of income opportunities has enabled Hope for Justice to further rebuild reserves whilst maintaining operations. This has given the Trustees adequate comfort that the going concern position has been rectified following the existence of a material uncertainty in the 2024 accounts.

1.3 Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based upon historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revisions and future periods where the revision affects both current and future periods.

Impairment of non-current assets

The determination of whether there are indicators of impairment of the group’s tangible assets. The factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset.

There are no estimates or assumptions which have a significant risk of causing a material adjustment to the carrying amount of any assets or liabilities.

21

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

1.4 Fund accounting The group has various types of funds for which it is responsible, and which require separate disclosure. These are as follows:

Unrestricted funds - Funds are expendable at the discretion of the Trustees in furtherance of the objects of the group Restricted funds - Restricted funds can only be used for particular restricted purposes within the objectives of the group. These arise when funds are subject to specific restrictive conditions imposed by funders/donors or by the purpose of the grant. Designated funds - The Trustees may at their discretion set aside unrestricted funds for specific purposes

1.5 Assets policy a) Tangible fixed assets are stated at deemed cost less accumulated depreciation and accumulated impairment losses. Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expense of acquisition

b) Depreciation is provided to write off the cost or valuation, less estimated residual values, of all fixed assets over their expected useful lives. It is calculated at the following rates:

Freehold Property 5% straight line Motor Vehicles 25% straight line 20% -33% Fixtures & fittings straight line 25% - 33% Computer & equipment straight line

1.6 Incoming resources

All income is included in the SOFA when the group is legally entitled to the income, when receipt of the income is probable and the amount can be quantified with reasonable accuracy. The following specific policies apply to categories of income:

22

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

1.7 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

1.8 Basis of consolidation

The consolidated financial statements incorporate those of Hope For Justice and all of its subsidiaries (ie entities that the group controls through its power to govern and manage the financial and operating policies). The definition of subsidiary has been revisited and includes those entities that are not directly owned but are directly controlled under a unified management system.

All financial statements are made up to 31 March 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions and balances between group entities are eliminated on consolidation and there are no restrictions on the ability of subsidiaries to transfer funds to the parent charity.

The parent company is included in the consolidated financial statements and is considered to be a qualifying entity under FRS 102 paragraphs 1.8 to 1.12. The following exemptions available under FRS 102 in respect of certain disclosures for the parent company financial statements have been applied:

The Trustees have taken the exemption conferred by S408(3) Companies Act 2006, accordingly the accounts present a consolidated Statement of Financial Activities (SOFA) only.

1.9 Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

23

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

1.10 Investments Fixed asset investments are stated at cost.

Stocks of foodstuff, clothing, equipment and stationery which were held for future use in project activities had been recognised in the balance sheet.

1.12 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.13 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.14 Creditors and provisions

Creditors and provisions are recognised where the group has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.15 Defined contribution scheme

A defined contribution plan is a post-employment benefit plan under which the group pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the SOFA in the periods during which services are rendered by employees.

For defined contribution schemes the amount charged to the SOFA for pension costs and other post-retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

24

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

2
Donations and legacies
Donations and legacies
Donations and legacies
3
Other trading activities
Slave Free Alliance
Slave Free Alliance		 Unrestricted
Restricted
Funds
Funds
Total
2025
2025
2025
£
£
£
4,682,800
1,875,845
6,558,645
4,682,800
1,875,845
6,558,645
Unrestricted
Restricted
Funds
Funds
Total
2024
2024
2024
£
£
£
4,008,280
2,792,183
6,800,463
4,008,280
2,792,183
6,800,463
Unrestricted
Restricted
Funds
Funds
Total
2025
2025
2025
£
£
£
1,192,887
-
1,192,887
1,192,887
-
1,192,887
Unrestricted
Restricted
Funds
Funds
Total
2024
2024
2024
£
£
£
1,370,084
-
1,370,084
1,370,084
-
1,370,084

Slave Free Alliance includes income from wholly owned subsidiaries, Slave Free Alliance Limited £1,065,798 (2024 £1,180,233), Slave Free Alliance Inc. £124,955 (2024 £176,526), Slave Free Alliance AS £0 (2024 £13,325) and Slave Free Alliance Australia Limited £2,124 (2024 £0)

25

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

4 Income from investments Unrestricted Restricted
Funds Funds Total
2025 2025 2025
£ £ £
Bank interest 84 - 84
84 - 84
Income from investments Unrestricted Restricted
Funds Funds Total
2024 2024 2024
£ £ £
Bank interest 140 - 140
140 - 140
5 Analysis of expenditure on charitable activities
Activities Support
undertaken directly costs Total
2025 2025 2025
£ £ £
Prevent 1,567,105 233,553 1,800,658
Rescue 1,401,219 259,321 1,660,539
Restore / Reform 1,485,124 281,869 1,766,993
4,453,448 774,742 5,228,190

Support costs are all the costs that are not directly identifiable to a particular programme or activity and include human resources and payroll, information technology; finance; marketing; communications; head office staff and establishment costs; and general administration. Allocation is made on a per capita basis.

Activities Support
undertaken directly costs Total
2024 2024 2024
£ £ £
Prevent 2,117,546 327,268 2,444,814
Rescue 1,882,392 290,925 2,173,317
Restore /Reform 2,032,099 314,062 2,346,161
6,032,037 932,255 6,964,292

26

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

6
Net Income/Expenditure
Fees payable to The Charity’s auditor and its associates for other
services
Audit of accounts
Tax compliance services
Other services
Total audit fees
Depreciation and amortisation
Operating Lease Expense
Loss on disposal of fixed assets
7
Employee Benefits
Salaries and Wages
Social Security costs
Employers Pension contributions (defined contribution scheme)
Average number employed during the year		 2025
2024
£
£
67,800
66,000
6,648
7,440
240
240
74,688
73,680
99,264
108,665
185,981
263,892
47,172
-
2025
2024
£
£
4,069,093
5,281,566
351,725
488,269
240,972
290,108
4,661,790
6,059,942
220
302
2025 2024
No No
Number of employees who received £60,000-£69,999 p.a. 3 2
Number of employees who received £70,000-£79,999 p.a. 3 1
Number of employees who received £80,000-£89,999 p.a. 1 -
Number of employees who received £90,000-£99,999 p.a. 1 3

Remuneration paid to the trustees in their capacity as trustees during the year was £nil (2024: £nil) and no expenses were paid. Employee benefits paid to the management team (as shown on page 1) during the year was £361,771 being 3.7 FTE staff (2024: £583,748 being 6 FTE staff)

27

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

8
Intangible Fixed Assets		 Group
Software
£
136,753
-
(52,675)
84,078
-
15,794
15,794
68,284
136,753		 Company
Software
£
84,078
-
-
Cost or valuation
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Written down value
At 31 March 2025
At 31 March 2024
84,078
-
15,794
15,794
68,284
84,078

28

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

9 Tangible Fixed Assets
Cost or valuation
At 1 April 2024
Additions in year
Disposals in year
Exchange difference
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Disposals in year
Exchange difference
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Cost or valuation
At 1 April 2024
Additions in year
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold land
and buildings
£
149,697
-
-
8,011
157,708
13,120
1,941
-
702
15,763
141,946
136,577		 Group
Fixtures, fittings
and equipment
Motor Vehicles
£
£
490,427
176,184
9,324
10,051
(8,707)
-
(76,119)
(22,153)
414,925
164,082
273,043
82,152
53,284
28,245
(3,764)
-
(20,495)
(3,062)
302,068
107,335
112,857
56,747
217,384
94,032
Charity
Fixtures and
fittings
Computers and
equipment
£
£
136,309
116,106
-
2,242
136,309
118,348
62,529
84,602
26,523
18,162
89,052
102,764
47,257
15,584
73,780
31,504		 Total
£
816,308
19,375
(8,707)
(90,261)
736,715
368,315
83,470
(3,764)
(22,855)
425,166
311,550
447,993
Total
£
252,415
2,242
254,657
147,131
44,685
191,816
62,841
105,284

29

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

10
Investments
Investment in subsidiaries
Opening balance
Disposal in year
Closing balance		 Group
Charity
2025
2024
2025
2024
£
£
£
£
-
-
6,173
6,173
-
-
(6,173)
-
-
-
-
6,173

Details of the company’s subsidiaries at 31 March 2025 are as follows:

Subsidiary
Undertaking		 Country of
Incorporati
on		 Registered
Number		 Holding Proportion
of voting
rights and
shares
held		 Principal activity
No More Slaves Ltd England &
Wales		 08692709 Ordinary 100% Dormant
Hope for Justice
International		 England &
Wales		 09440540 Ordinary 100% Dormant
Slave Free Alliance
Ltd		 England &
Wales		 11258651 Ordinary 100% A social offering businesses a range of
services to help them identify and remove
human exploitation from their supply chains.
The services include awareness training, gap
analysis, due diligence, risk management and
help with investigations, crisis response,
remediation and Slavery and Human
TraffickingStatements.
Hope for Justice
(Australia) Limited		 Australia ABN 28 639
382 782		 Ordinary 100% Advance the education of the public regarding
people traffickingand slavery
Slave Free Alliance
(Australia) Limited		 Australia ABN 17 639
408 647		 Ordinary 100% Aligned with Slave Free Alliance
No More Traffik
Limited		 Northern
Ireland		 NI614396 Ordinary 100% No activity and all funds remitted to Hope for
Justice
Hope for Justice
(Hong Kong)
Limited		 Hong Kong 2904727 Ordinary 100% Dormant

30

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

Subsidiary
Undertaking		 Country of
Incorporation		 Registered
Number		 Basis of
consolidation		 Principal activity
Retrak England &
Wales		 6424507 Unified Management
Control		 Aligned with Hope for Justice
Hope For Justice
Ethiopia		 Ethiopia 0003507800 Unified Management
Control		 Aligned with Hope for Justice
Hope For Justice
Uganda		 Uganda Unified Management
Control		 Aligned with Hope for Justice
Hope For Justice
Inc.		 Tennessee,
USA		 75-3179471 Unified Management
Control		 Aligned with Hope for Justice
Slave Free Alliance
Inc.		 Delaware,
USA		 87-2097945 Unified Management
Control		 Aligned with Slave Free Alliance
OK200:Stop The
Traffic		 Iowa, USA 46-4678820 Unified Management
Control		 Aligned with Hope for Justice
The Tigers Club
Project Limited		 Uganda Unified Management
Control		 Hold title to land in Uganda that is used with
the charitable operations of Retrak’s branch in
Uganda
Subsidiary Undertaking
Assets at 31/3/25
Liabilities at 31/3/25
Net Funds at 31/3/25
Income for Year to 31/3/25
Expenditure for Year to 31/3/25
Surplus/(deficit) for Year to
31/3/25
11 Stock
Finished goods		 Hope For
Justice Inc.
Hope For
Justice
Ethiopia
Hope For
Justice Uganda
Slave Free
Alliance
Limited
Slave Free
Alliance Inc
£
£
£
£
£
116,457
80,882
233,916
590,251
174,133
(60,334)
(64,215)
(12,918)
(498,016)
(33,678)
56,123
16,668
220,998
92,235
140,455
2,685,662
1,106,303
565,493
1,065,798
124,955
2,582,474
1,131,817
587,664
974,915
111,794
103,188
(25,514)
(22,171)
90,883
13,161
Group
Charity
2025
2024
2025
2024
£
£
£
£
2,552
13,007
2,552
13,007

31

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

12 Debtors
Trade debtors
Amounts due from Group Companies
Other debtors
Prepayments		 Group
Charity
2025
2024
2025
2024
£
£
£
£
219,316
121,903
3,865
1,062
-
-
137,426
8,104
1,434
12,807
-
-
55,937
123,568
27,115
37,903
276,687
258,278
168,407
47,069

Amounts due from Group Companies includes the following amounts owed by subsidiary companies

Hope For Justice Inc.
Hope For Justice Ireland
Slave Free Alliance Inc		 Charity
2025
2024
£
£
129,062
-
8,104
8,104
259
-
137,426
8,104		 Charity
2025
2024
£
£
129,062
-
8,104
8,104
259
-
137,426
8,104
8,104
Group Group Charity Charity
13 Creditors 2025 2024 2025 2024
Amounts falling due within 1 year: £ £ £ £
Trade creditors 63,584 189,345 38,338 154,735
Amounts due to Group Companies - - 205,455 215,092
Other creditors 1 282,849 - 285,000
Social Security and Other Taxes 437,863 622,327 360,439 384,675
Accruals 120,845 81,268 74,966 22,850
Deferred income 524,811 411,645 - -
1,147,103 1,587,434 679,198 1,062,352

32

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

Amounts due to Group Companies includes the following amounts owed by subsidiary companies

Charity
2025 2024
£ £
Slave Free Alliance Ltd
201,411 201,412
Hope For Justice Inc -
 13,680
Retrak Limited
4,044 -
205,455
 215,092
Group Charity
Movements in deferred income 2025 2024 2025
2024
£ £ £
£
Deferred income at 1 April 411,645 323,138 -
-
Amounts released from previous years (411,645) (323,138) -
-
Incoming resources deferred in the year 524,811 411,645 -
-
524,811 411,645 -
-

Deferred Income relates to annual membership contracts in Slave Free Alliance where this is invoiced annually in advance and the income is recognised over the contract period.

14 Creditors: amounts due after one year
Social security and other taxes
15 Transactions with related parties		 Group
Charity
2025
2024
2025
2024
£
£
£
£
80,025
-
80,025
-
80,025
-
80,025
-

During the year, there were no purchases from related parties. The total amount given to the charity by its trustees during the year was £37,500 (2024: £1,000).

Amounts received in the parent from Group companies during the year are as follows and these are deducted from costs, not treated as revenues:

SFA - £58,741 (2024 £93,128) – a charge for the year for support staff, Executive oversight and property & IT costs Hope For Justice Inc - £749,376 (2024 £753,875) - a charge for Executive oversight, support from Development & Comms and support from the global Programme team

All charges are at cost and at an arm’s length basis

A Gift Aid donation was received in the parent from SFA of £116,678 (2024 £327,657)

33

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

Amounts gifted from the parent to subsidiary entities during the year included the following amounts Hope for Justice Uganda £108,783 (2024 £0), Hope For Justice Ethiopia £577,898 (2024 £0), Hope For Justice Australia £77,236 (2024 £52,246), Retrak Limited £0 (2024 £836,090)

16 . Analysis of Group net assets by fund

Intangible assets
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities		 Unrestricted
Restricted
Total
Funds
Funds
2025
£
£
£
68,284
-
68,284
311,550
-
311,550
369,633
603,616
973,249
(1,147,103)
-
(1,147,103)
(80,025)
-
(80,025)
(477,662)
603,616
(125,954)

Analysis of Group net assets by fund

Intangible assets
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities		 Unrestricted
Restricted
Total
Funds
Funds
2024
£
£
£
136,752
-
136,752
447,994
-
447,994
(190,080)
759,119
569,039
(1,587,434)
-
(1,587,434)
-
-
-
(1,192,768)
759,119
(433,649)

Analysis of Charity net assets by fund

Intangible assets
Tangible fixed assets
Investments
Current assets
Current liabilities
Long term liabilities		 Unrestricted
Restricted
Total
Funds
Funds
2025
£
£
£
68,284
-
68,284
62,839
-
62,839
1,541
-
1,541
(211,205)
521,905
310,700
(679,198)
-
(679,198)
(80,025)
-
(80,025)
(837,765)
521,905
(315,859)

Analysis of Charity net assets by fund

34

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

Intangible assets
Tangible fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
17 Analysis of Group Funds
Prevent
Rescue
Restore / Reform
Restricted Funds
General Fund
Designated Funds
Tangible fixed assets
Total Funds
Prevent
Rescue
Restore / Reform
Restricted Funds
General Fund
Designated Funds
Tangible fixed assets
Total Funds		 Unrestricted
Restricted
Total
Funds
Funds
2024
£
£
£
84,078
-
84,078
105,283
-
105,283
6,173
-
6,173
58,160
95,507
153,668
(1,062,352)
-
(1,062,352)
-
-
-
(808,658)
95,507
(713,151)
B/fwd
Received
Utilised
Transfer in
C/fwd
01/04/24
in year
in year
Funds
31/03/25
£
£
£
£
£
13,733
893,882
(859,692)
-
47,922
853,688
255,315
(579,691)
-
529,312
(108,301)
726,649
(591,965)
-
26,383
759,119
1,875,845
(2,031,348)
-
603,616
(1,640,762)
5,875,771
(5,160,665)
136,444
(789,211)
447,994
-
-
(136,444)
311,550
(433,649)
7,751,617
(7,192,013)
-
125,954
B/fwd
Received
Utilised
Transfer in
C/fwd
01/04/23
in year
in year
Funds
31/03/24
£
£
£
£
£
111,686
1,034,041
(1,131,994)
-
13,733
931,479
821,200
(898,991)
-
853,688
(19,546)
936,943
(1,025,698)
-
(108,301)
1,023,619
2,792,183
(3,056,683)
-
759,119
(1,290,540)
5,378,505
(5,877,607)
148,881
(1,640,762)
596,875
-
-
(148,881)
447,994
329,954
8,170,688
(8,934,290)
-
(433,649)		 Unrestricted
Restricted
Total
Funds
Funds
2024
£
£
£
84,078
-
84,078
105,283
-
105,283
6,173
-
6,173
58,160
95,507
153,668
(1,062,352)
-
(1,062,352)
-
-
-
(808,658)
95,507
(713,151)
B/fwd
Received
Utilised
Transfer in
C/fwd
01/04/24
in year
in year
Funds
31/03/25
£
£
£
£
£
13,733
893,882
(859,692)
-
47,922
853,688
255,315
(579,691)
-
529,312
(108,301)
726,649
(591,965)
-
26,383
759,119
1,875,845
(2,031,348)
-
603,616
(1,640,762)
5,875,771
(5,160,665)
136,444
(789,211)
447,994
-
-
(136,444)
311,550
(433,649)
7,751,617
(7,192,013)
-
125,954
B/fwd
Received
Utilised
Transfer in
C/fwd
01/04/23
in year
in year
Funds
31/03/24
£
£
£
£
£
111,686
1,034,041
(1,131,994)
-
13,733
931,479
821,200
(898,991)
-
853,688
(19,546)
936,943
(1,025,698)
-
(108,301)
1,023,619
2,792,183
(3,056,683)
-
759,119
(1,290,540)
5,378,505
(5,877,607)
148,881
(1,640,762)
596,875
-
-
(148,881)
447,994
329,954
8,170,688
(8,934,290)
-
(433,649)
759,119
1,875,845
(2,031,348)
-
603,616
(1,640,762)
5,875,771
(5,160,665)
136,444
(789,211)
447,994
-
-
(136,444)
311,550
(433,649)
7,751,617
(7,192,013)
-
125,954
B/fwd
Received
Utilised
Transfer in
C/fwd
01/04/23
in year
in year
Funds
31/03/24
£
£
£
£
£
111,686
1,034,041
(1,131,994)
-
13,733
931,479
821,200
(898,991)
-
853,688
(19,546)
936,943
(1,025,698)
-
(108,301)
1,023,619
2,792,183
(3,056,683)
-
759,119
(1,290,540)
5,378,505
(5,877,607)
148,881
(1,640,762)
596,875
-
-
(148,881)
447,994
329,954
8,170,688
(8,934,290)
-
(433,649)

35

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

17 Analysis of Charity Funds
Prevent
Rescue
Restore / Reform
Restricted Funds
General Fund
Designated Funds
Tangible assets
Total Funds
Prevent
Rescue
Restore / Reform
Restricted Funds
General Fund
Designated Funds
Fixed & Intangible assets
Total Funds		 B/fwd
Received
Utilised
Transfer in
C/fwd
01/04/24
in year
in year
Funds
31/03/25
£
£
£
£
£
35,370
265,500
(85,043)
-
215,826
28,089
179,027
(57,344)
-
149,771
32,048
182,817
(58,559)
-
156,307
95,507
627,343
(200,946)
-
521,905
(913,942)
2,528,937
(2,559,584)
42,445
(902,144)
105,284
-
-
(42,445)
62,839
(713,151)
3,156,281
(2,760,530)
-
(317,400)
B/fwd
Received
Utilised
Transfer in
C/fwd
01/04/23
in year
in year
Funds
31/03/24
£
£
£
£
£
63,738
114,948
(143,317)
-
35,370
50,618
91,288
(113,817)
0
28,089
57,753
104,155
(129,859)
0
32,048
172,109
310,391
(386,993)
0
95,507
(439,687)
2,675,266
(3,192,820)
43,299
(913,942)
148,583
0
0
(43,299)
105,284
(118,995)
2,985,657
(3,579,812)
0
(713,151)

Purposes of restricted funds

The restricted funds are held to further the aims in UK and overseas, which are our four key programmatic areas: preventing exploitation, rescuing victims, restoring lives and reforming society. The work comprises activities including

advocacy services, outreach, shelter, medical services and education; preventative work in communities; healthy parenting with families; liaising with and training Government officials; preparing research documents.

Designated Tangible Fixed Assets Reserve

The Charity owns tangible fixed assets used to carry out the charity’s activities, such as land and buildings. These functional fixed assets which are essential to the operations of the Charity are not, therefore, considered to be liquid assets that could be used to fund the potential contingencies. As such, they are treated as a Designated Reserve. The value of this reserve is equal to the net book value of fixed assets acquired from unrestricted funds. There is a transfer between General Fund and Designated Funds in order to maintain a reserve equal to the net book value of fixed assets.

36

Hope for Justice

Notes to the financial statements

For the year ended 31 March 2025

18 Operating leases

As at 31 March 2025, the Charity had future commitments under non-cancellable operating leases as follows:

Operating leases which expire:
Land and buildings
Less than one year
Between two and five years
Greater than five years
19. Reconciliation of net debt
Cash at bank and in hand
Total cash and cash equivalents		 Group
Charity
2025
2024
2025
2024
£
£
£
£
38,589
176,468
-
70,271
29,832
70,265
-
-
-
48,081
-
-
68,421
294,814
-
70,271
At 1 April
2024
Cash flows
Other
changes
At 31 March
2025
£
£
£
£
297,753
396,256
-
694,009
297,753
396,256
-
694,009

37